COMT vs. SPY
Compare and contrast key facts about iShares Commodities Select Strategy ETF (COMT) and SPDR S&P 500 ETF (SPY).
COMT and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COMT is an actively managed fund by iShares. It was launched on Oct 15, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COMT or SPY.
Performance
COMT vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, COMT achieves a 3.71% return, which is significantly lower than SPY's 24.91% return. Over the past 10 years, COMT has underperformed SPY with an annualized return of 0.45%, while SPY has yielded a comparatively higher 13.04% annualized return.
COMT
3.71%
0.23%
-5.90%
0.39%
6.35%
0.45%
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| COMT | SPY | |
|---|---|---|
| Sharpe Ratio | 0.13 | 2.67 |
| Sortino Ratio | 0.28 | 3.56 |
| Omega Ratio | 1.03 | 1.50 |
| Calmar Ratio | 0.07 | 3.85 |
| Martin Ratio | 0.42 | 17.38 |
| Ulcer Index | 4.63% | 1.86% |
| Daily Std Dev | 14.89% | 12.17% |
| Max Drawdown | -51.89% | -55.19% |
| Current Drawdown | -22.48% | -1.77% |
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COMT vs. SPY - Expense Ratio Comparison
COMT has a 0.48% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between COMT and SPY is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
COMT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Commodities Select Strategy ETF (COMT) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
COMT vs. SPY - Dividend Comparison
COMT's dividend yield for the trailing twelve months is around 5.01%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares Commodities Select Strategy ETF | 5.01% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% | 0.56% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
COMT vs. SPY - Drawdown Comparison
The maximum COMT drawdown since its inception was -51.89%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for COMT and SPY. For additional features, visit the drawdowns tool.
Volatility
COMT vs. SPY - Volatility Comparison
iShares Commodities Select Strategy ETF (COMT) has a higher volatility of 5.51% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that COMT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.